Fidelity Top Stories
UK banks should use divi cash to write off customer debt - AJ Bell
British banks should use the £7. 5bn saved in scrapped dividends and bonuses to write off debt repayments for customers affected by the coronavirus, investment platform AJ Bell said on Wednesday.
IMF says global leaders should enact 'wartime' policy response
The International Monetary Fund said that global policymakers should enact “wartime” measures to fight the coronavirus crisis.
EU proposes wage support programme backed by all member states
The European Commission proposed a wage support programme for the bloc that would be guaranteed by all member states.
Private sector employment eases in the US, sharper falls predicted
Private sector employment eased in the US last month, figures released by consultancy ADP on Wednesday showed, but is expected to fall even further in the coming weeks because of the coronavirus outbreak.
Trump warns of 'painful' weeks ahead as coronavirus crisis hits US hard
US President Donald Trump warned of “painful” and “tough” two weeks ahead as he extended the social distancing measures across the country while predicting around 100,000 to 240,000 deaths from the Covid-19 pandemic.
BP warns on profits; Writes down $1bn, cuts capex, shale output
Oil giant BP said it would write down around $1bn and cut capital expenditure in the first quarter as it warned of a profit hit from the slump in demand as countries implemented measures to address the Covid-19 pandemic.
BAT hails breakthrough with potential Covid-19 vaccine
British American Tobacco said on Wednesday that it has made a "significant breakthrough" with its tobacco plant technology platform in the development of a potential vaccine for Covid-19.